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European Economics Preview: Eurozone Unemployment Data Due


Unemployment from Eurozone and inflation from Germany are due on Tuesday, headlining a busy day for the European economic news.

At 3.00 am ET, Purchasing Managers' survey results are due from Hungary and Poland.

Half an hour later, Switzerland's SVME PMI data is due. In the meantime, Markit is slated to release Czech PMI figures.

Thereafter final PMI figures are due from France, Germany and Eurozone. The Eurozone manufacturing PMI, due at 4.00 am ET, is expected to match flash estimate of 46.6 in March.

Italy's statistical office is scheduled to issue unemployment figures for February at 4.00 am ET. The jobless rate was 11.7 percent in January.

At 4.30 am ET, U.K. CIPS/Markit PMI data and mortgage approvals are due. The manufacturing PMI is forecast to rise to 49 in March from 47.9 in February. Mortgage approvals are forecast to fall to 53,500 in February from 54,700 in January.

Eurostat is scheduled to release Eurozone unemployment data at 5.00 am ET. The jobless rate is seen rising to 12 percent in February from 11.9 percent in January.

At 8.00 am ET, Germany's Federal Statistical Office is slated to issue March inflation data. EU harmonized inflation is forecast to fall to 1.7 percent from 1.8 percent in February. Consumer price inflation is seen at 1.3 percent compared to 1.5 percent last month.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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